Microloans
APPLY DONATEBUILD WEALTH ONE BIG IDEA AT A TIME
We’re a revolutionary lender focused on closing the racial wealth gap through zero-interest microloans for the Black business community.
“The BCIF loan has helped Tickleberry Place greatly by providing funds for animation content and a means to build our following during the completion of acquiring new partners and investments that will accelerate the company’s goal for reaching major distribution.”
—LAUREN MCELROY, FOUNDER & CEO, TICKLEBERRY PLACE
ABOUT OUR MICROLOANS
Black Cooperative Investment Fund’s microloans provide direct access to startup and growth capital:

LOANS RANGE BETWEEN $10 - $50,000

ZERO PERCENT (0%) INTEREST RATE

MONTHLY REPAYMENT SCHEDULE

$25 INITIAL LOAN APPLICATION PROCESSING FEE

FOUR PERCENT (4%) LOAN ORIGINATION FEE

ELIGIBILITY CRITERIA
- Primary target population: Black business owners in Los Angeles, Riverside, San Bernardino, or Orange Counties
- Strong potential for positive impact on the economic trajectory of the Black community
- Evidence substantiating that a microloan will help yield a financial return and future asset building
- Must demonstrate the need and a capacity to repay; stellar credit history is not required
- Experienced, entrepreneurial, and/or innovative leadership
- Black owned businesses, preferably with the capacity to create jobs for other African Americans
FUNDING FOR THE CULTURE
Get started with a zero-interest microloan to help launch or expand your business.